Secure Private Mortgages
for Residential Properties
in Costa Rica
How it works
Private mortgages can be great tools for borrowers who own, or plan to purchase or improve an existing residential property but lack the qualifications or time for a mortgage from a bank in Costa Rica.
The collateral for the loan is a residential property in Costa Rica. Our lenders will loan up to 50% of the value of your residential property. We do not lend on vacant land, construction projects, agricultural, or commercial properties.
If the mortgage fits within our parameters we will put together a term sheet outlining the details of the mortgage, from there will order a third-party appraisal to determine the value of the property and how much can be borrowed.
At the closing of the mortgage 506 Mortgages Inc. is compensated a fee for connecting borrowers and lenders. An attorney will place a mortgage on the property in the National Land Registry. When the mortgage is repaid the mortgage is discharged.
The collateral for the loan is a residential property in Costa Rica. Our lenders will loan up to 50% of the value of your residential property. We do not lend on vacant land, construction projects, agricultural, or commercial properties.
If the mortgage fits within our parameters we will put together a term sheet outlining the details of the mortgage, from there will order a third-party appraisal to determine the value of the property and how much can be borrowed.
At the closing of the mortgage 506 Mortgages Inc. is compensated a fee for connecting borrowers and lenders. An attorney will place a mortgage on the property in the National Land Registry. When the mortgage is repaid the mortgage is discharged.
Explore Our Unique Mortgages Today!
